2 x Flats Renovation / Reconfiguration - Pegasus Property Group

COMPLETE

This property is located in Stoke-On-Trent city centre known as Hanley.

Hanley is having major regeneration works and improvements asmost cities are areounf the UK

To share a few

Hilton hotel have recently finished a 120 bed 4 star hotel

There is a multiple scheme happening next to the hilton hotel.
1) office complex complete ( smithfield)
2) council owned 11 story tower block 
3) A secondary office block
4) Multi story carpark is in plans

lots lots more

3500 seater arena, giging ares, more coffee shoips, conference centre etc

Like most areas there are all bad in good areas as well

Lets talk about this property

This was a purchase of a row of 4 properties the investor sourced and purchased there self then came to us to carry out the renovation works

Originally was 2 x 1 bed flats with historical use as flats

WHAT WE DID ?

We did a full back to brick renovation, and converted the upstairs to a 2 bed flat and the downstairs to a 1 bed flat.

Numbers….

PURCHASE PRICE: £53,500

RENOVATION COST: £55000

GROSS RENTAL PA: £12000

End Value – £110,000 

CHECK OUT THE BEFORE AND  PHOTOS